Search results for keyword: revocable
"Uniform Customs and Practice for Documentary Credits"
Following Documentary Credit Uniform Customs and Practice
Documentary Credit (D/C) can be defined as “an arrangement whereby a bank (issuing bank) acting at the request and on the instructions of a customer (applicant) or on its own behalf, authorizes another bank (advising or confirming bank) t......
1069 
Oliver
Incoterms 2000
International Trade Terms Explanation
International trade is a process that involves the movement of goods and services across different countries. In such a vast and complex area, it is important to have clear and consistent terminology to ensure that the trading process runs smoothly. This arti......
International technology transfer contract (2)
INTERNATIONAL TECHNOLOGY TRANSFER CONTRACT
This international technology transfer contract (“Contract”) is made on the date of _______ (hereinafter referred to as the “Effective Date”) through the negotiation and agreement by and between:
Party A (“First Party”): ________
Party B (“Seco......
International Technology Transfer Contract
International Technology Transfer Contract
This contract, dated [Insert Date], is hereby made among [Insert Name of Assignor], a company incorporated in [Insert Jurisdiction], with its registered office at [Insert Address], (hereinafter the “Assignor”) and [Insert Name of Assignee], a company i......
Issuance of letter of credit
Letter of Credit
A letter of credit (LC) is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods or services provided certain documents have been presented. The commitment of payment by the issuer is primarily dependent upon the creditworthiness ......
Types of letters of credit
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Letter of Credit (L/C) can be classified in a number of ways. The most common classifications are:
1. revocable vs Irrevocable - A revocable credit can be amended or cancelled by the issuing bank upon the request of the applicant, while an irrevocable credit cannot be amended or cancelled wit......
Types of letters of credit
Letter of Credit
A letter of credit (L/C for short) is one of the most popular and practical methods of payment international businesses use when trading in the global marketplace. In simple terms, a letter of credit is a document from a bank guaranteeing payment to the seller of goods provided c......
consignment agreement
Consignment Agreement
This Consignment Agreement (the “Agreement”) is made and entered into this __ day of _________, by and between __________, hereinafter referred to as the “Consignor,” and ____________________, hereinafter referred to as the “Consignee.”
Whereas, the Consignor is in t......
Sino-foreign technology transfer contract
Technology Transfer Contract
THIS CONTRACT (this “Contract”) is entered into on this ___day of ____, 20____, by and between ___________, a company organized and existing under the laws of ______ (“Company”) and _____ (“Us”).
WHEREAS, Company is engaged in the business of _______________, ......
external guarantee
A Guarantee is a promise by one party to assume responsibility for the debt or obligation of a borrower in the event of the borrower’s default. In other words, a guarantee is a third-party assurance to a lender that if the borrower fails to repay a loan, the guarantor will assume responsibility fo......
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